ANNOUNCED AS TEMPORARYNo
On 4 June 2015 the Russian Government approved Decree Nr. 550. It amends Decree No. 1432 of 27 December 2012, the original decree which as of 1 January 2013 introduced rules concerning provision of subsidies for agricultural machinery.
Decree Nr. 550 has introduces the following main amendments to Decree No. 1432:
According to the text of Decree No. 550, this state initiative "will help increase the purchase accessibility of agricultural machinery and increase the volume of supply of such equipment to agricultural producers'.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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